The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
bsg4 As you must have experience of the mining industry which of Thor`s prospects do you consider duff and can you expand on this to explain your reasoning as I`m not qualified to make such judgements. Thank you in advance for this Knowledgeable advice.
Nicole seems very optimistic explaining how we intend progressing each prospect in more detail. We could well be producing copper as early as 2023 through joint ventures .With a market capital of only £13mil we should have a very exciting 2022.
The placing was at a higher level than I expected in this market. Well done Thor. We now have funds to further our very promising projects anyone of which could be a game changer. We are an exploration company with no income at this stage . Until we strike lucky how else can we continue to drill if we don`t make placings? Anyone investing here should know the risks .I was very fortunate to have invested in GGP before they made their big find.
By an IPO I refer to an Initial Public Offering of shares and getting a quotation on the Australian stock Exchange for clarification.
Thor have a 30% interest in Enviro through the Kapunda project which was transferred to Enviro for shares in that company. I think Enviro will be an IPO in the not to distant future if my memory is correct.
Different company I think you`ll find.
We have now earned a 51% interest in Alford East which based on the drilling results to date I expect will prove to be be a very cheap cost .As part of the deal we have or are about to issue A$250,000 worth of new Thor shares some of which will be sold through the market hence a possible cause of today`s weakness. This is a short term situation as we have increased our interest in Alford East probably by many times the cost. I trust the Boards judgement on this as I can`t believe they would carry on with Stage 2 if they didn`t think they were on to a good thing ,
Paul did well to make a placing at the market price in this market, shows respect and confidence in the company. It will be interesting to see where the money raised is invested. In normal times I believe the share price would be much higher . I have an interest through my holding in Thor.
Another pre-market buy of 2500,000 shares today making it the 3rd since 14th October. 18.8 mil shares traded last night in Australia far more than normal .
I was thinking more in terms of around 3p .Market value then would be around £55mil. not a lot when you consider what we have.
We now have 2 Artemis Directors on our board plus they have a shareholding in Thor. They are 3 times our size so we would make a nice addition to their portfolio of assets.
I concur with your summing up of the current situation at Thor . I`ve increased my holding here since the new management took over and see good future here with several good projects going forward. I believe now is the time to invest .
A 3.5mil purchase went through pre-opening at 0,92p.
My buy at 0.715p is showing as a sell so I think there are a lot more of the trades shown as sells are in fact buys.
This BOD seem very shrewd to me. These regional offices and other properties are coming into their own now with many more Government Departments and companies moving out of London to the regions. We should expect a decent uplift in our property portfolio values at the next valuation. The directors have commented that they believe our assets are worth more in their opinion than the valuation for account purposes. It seems when we make a disposal its nearly always in excess of the last valuation. With a yield of around 7% this looks a decent share to hold.